- Saipem (OTCPK:SAPMF) won two new contracts for $3.5B from Saudi Aramco for development of land facilities of the Berri and Marjan gas fields
- The company says that the contracts are part of a shift in the company’s strategy to focus more on natural gas
- Saipem shares rose 2.9% in Milan, outperforming a 0.8% rise in Italy’s blue-chip index.
- Source